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    CBE Governor, ICT Minister Witness Signing Protocol to Qualify Banking Sector Staff in InfoSec, Fintech, AI

    Cairo, 10 May 2019

    The Governor of the Central Bank of Egypt (CBE) Tarek Amer and the Minister of Communications and Information Technology Amr Talaat have witnessed the signing of a cooperation protocol between the Egyptian Banking Institute (EBI) and the Information Technology Institute (ITI), to qualify the banking sector staff in InfoSec, data analysis, fintech and Artificial Intelligence (AI).

    Amer hailed the fruitful cooperation between CBE and the Ministry of Communications and Information Technology (MCIT), and stated that the joint cooperation between the two sides aims at changing the citizensí life for the better, and providing fintech services to new segments of citizens to support financial inclusion. He discussed with the ICT Minister how to use technology to provide more banking services to rural and remote areas, to benefit as many citizens as possible with its advantages.

    In addition, Amer said that the EBI is witnessing major development. He acknowledged its role, as the CBE training hub, in supporting the banking sector and qualifying the national, Arab, and African calibers, according to the latest global systems.

    On his part, Talaat stated that developing human resources in ICTs and disseminating innovation and creativity all over Egypt are the main pillars of MCIT strategy. He added that MCIT is working on enhancing financial inclusion, in cooperation with the State institutions and according to the policies set by the National Payments Council.

    Furthermore, Talaat said that this can be achieved through promoting e-payments, finding new mechanisms to establish trust in financial transactions, and activating Egypt Post role in financial inclusion, given its widespread branches across Egypt, in cooperation with CBE. In addition, MCIT is working on promoting e-commerce, especially with the launch of the National E-commerce Strategy.

    The ICT Minister highlighted the ITI pivotal role in supporting IT industry in Egypt and meeting the needs of the local, Arab and regional markets of highly-qualified human calibers, to keep up with the latest technologies. The ITI provides training programs that target graduating a generation of professionals and qualifying them to work in ICTs, and raises awareness of the latest global trends in these fields.

    The protocol was signed by EBI Executive Director Abdel Aziz Nossier and ITI Chairwoman Heba Saleh. It comes in the framework of implementing Egyptís strategy of digital transformation and building human calibers capable of being the main pillars of knowledge economy.

    This reflects the two sidesí willingness to enhance cooperation through providing the banking sector staff specialized training programs on the latest technologies, to achieve the CBE initiative of financial inclusion that is one of the main pillars of the national economic development.

    The protocol aims at qualifying the banking sector staff in information security (InfoSec), data analysis, fintech, and Artificial Intelligence (AI). This will help raise awareness of the latest IT developments, fields and skills required in these areas. This is addition to cooperating to hold specialized conferences and competitions, to exchange knowledge and innovation experiences.

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